- Date
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25 Nov 2024
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the:
Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
and Taxation Administration Act 1953
to: establish a hydrogen production tax offset that is available at a rate of $2 for a kilogram of eligible hydrogen for companies that satisfy certain eligibility requirements; and establish a critical minerals production tax incentive for expenditure incurred in carrying out registered processing activities; and Aboriginal and Torres Strait Islander Act 2005
to enable Indigenous Business Australia to borrow money for a purpose in connection with the performance of its functions.